Both Sides of the Coin
Bulls and bears have setups to work with into next week. I think market action will favor a bit of selling, but there’s nothing wrong with having setups for both occasions.
Bulls and bears have setups to work with into next week. I think market action will favor a bit of selling, but there’s nothing wrong with having setups for both occasions.
Quadruple witching came with an extra dose of volatility this week. Between AMZN and TSLA we were able to pull down some decent cash, but they made us work for it. Let’s review those trades along with the best setups for next week.
Watchlists are often best when we start with connected names: Symbols that are connected by the passive investing that dominates the market.
Whether it be the ES, NQ, or XLY ETF, the oversold low in AMZN and where and how it could bounce is something to watch for.
In keeping with NOT overstaying our welcome in morning session daytrades, the focus was on the gap fade, pullbacks, and getting out of the market more aggressively.
Whether you are bullish or bearish in this market, the key is to stay nimble. In this video I explain what I have been focusing on to do just that.